After-Hours Stock Movements: Intuitive Surgical Drops While SpaceX Surges
- Intuitive Surgical’s shares fell 10% following disappointing Q3 results.
- SpaceX reported a 161% revenue increase, boosting shares by 2%.
- Capital One Financial’s net income grew to $3.5 billion, leading to a 5% after-hours gain.
Several major companies experienced significant stock movements after hours, reflecting varied financial performances in the third quarter.
Intuitive Surgical saw its stock plunge by 10% as the medical robotics company reported earnings of $3 per share, excluding certain items, on revenue of $3.05 billion. This performance did not meet investor expectations.
In contrast, SpaceX’s shares rose by 2% after the aerospace company reported a dramatic 161% surge in its third-quarter revenue, reaching $14.58 billion.
Netflix’s shares dropped nearly 5% despite reporting third quarter revenue of $12.87 billion, which aligned with Wall Street’s expectations. The company indicated a year-over-year sales increase of 12%, supported by membership growth and a hike in subscription prices initiated in March.
Capital One Financial, based in suburban Virginia, witnessed a 5% increase in after-hours trading. The lender reported a net income of $3.5 billion, or $5.61 per share, marking an improvement from $3.2 billion, or $4.83 per share, a year earlier.
On the other hand, United Airlines experienced a 2% decline in shares after posting a third-quarter adjusted earnings per share (EPS) of $2.54 on revenue of $17.88 billion. These figures fell short of Wall Street’s consensus estimates of $2.57 per share and $17.90 billion, as noted in LSEG data.
Super Micro Computer’s stock surged by 12% after the company revised its fiscal first-quarter revenue outlook upward. The new forecast indicates anticipated revenue between $18.5 billion and $19.5 billion, a significant increase from the previous range of $14.5 billion to $15.5 billion.
News Courtesy of CNBC
